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Article: S&P: Preliminary Ratings Assigned to Golden Credit Card Trust Series 2001-2.
- Article from:
- PR Newswire
- Article date:
- June 27, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, June 27 /PRNewswire/ --
Standard & Poor's today assigned its preliminary ratings to Golden Credit Card Trust's C$650 million fixed-rate credit card receivables-backed notes series 2001-2 (see list).
The preliminary ratings are based on information as of June 27, 2001. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings.
The preliminary ratings reflect sufficient credit enhancement protection for the notes at their respective levels. Credit enhancement to the senior noteholders is provided by a 5% subordinated note class and a dedicated spread account funded to required targeted ...